Canadian dollar weekly technical analysis

The Canadian dollar is trading near good buying areas that we had indicated last week to be the best buying areas, extending from 1.27217 to 1.26781 with extended targets to 1.28299, and after achieving the last target, it is expected that the top of the week will form and the beginning of a corrective downward wave to target the level of 1.27775
But in the event of a negative closing and a break out with the closing of a four-hour candle below the level of 1.26781, we expect the beginning of a bearish wave to form to be the best selling liquidity areas extending from 1.27218 to 1.26781 to target the purchasing liquidity levels extended to 1.25263, from which it is expected to form the bottom of the week and form a corrective ascending wave to target the level of 1.26025